Tag: layoffs

The company is the latest to begin downsizing amid the market turn, though it hasn’t commented on numbers

The move is expected to help the company save some $100 million per year

The title insurance provider cut 310 employees earlier this year after a $50 million Q1 loss

The drop in demand for homes has reportedly taken a toll on the company’s “buy with cash” program

The Irvine-based company is growing its team as competitors like Finance of America cut hundreds of jobs

The lender reduced its workforce across processors, underwriters, appraisers and the support team

Layoffs are expected to hit loan officers, underwriters, processors, post-closing and secondary market staff this Fall

The California-based lender is implementing cost-cutting efforts to to save between $375 million-$400 million annually

The news comes just a week after First Guaranty Mortgage Company effectively closed and filed for bankruptcy protection

The referral platform said the cuts were needed to scale “HomeLight in a financially responsible and sustainable way”